1,330
1.3K
Nov 28, 2012
11/12
by
CNNW
tv
eye 1,330
favorite 0
quote 0
>> fiscal cliff. fiscal cliff. you think that's funny? fiscal cliff. debt ceiling. ybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. now's a good time to think about your options. are you looking for a plan that really meets your needs? and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs every year. call today to request a free decision guide. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referr
>> fiscal cliff. fiscal cliff. you think that's funny? fiscal cliff. debt ceiling. ybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. now's a good time to think about your options. are you looking for a plan that really meets your needs? and your budget? as...
235
235
Oct 2, 2012
10/12
by
CNNW
tv
eye 235
favorite 0
quote 0
goes over the fiscal cliff. what's a fiscal cliff? it's a huge tax increase, huge tax increases and huge spending cuts that hit at beginning of january. the bush tax cuts would go away, the amc patch would go away, a whole bunch of things would go away, ashleigh, and that's going to look like for your tax bill next year if we go over the fiscal cliff. >> what's the reality? what is the actual chance this is going to hit us all right smack in the wallet? >> well, we hope, we hope that senators are working on this, right, and they know they've got to get this fixed. it would be disastrous, it would cause a recession. >> "new york times" say, eh, they're talking. >> they're starting to talk about what kind of framework, et cetera, et cetera. this is what it looks like. you've got economists surveyed by cnn money who say basically none of them think we'll go over the fiscal cliff. why? because it's so dangerous. 14 of 17 economists surveyed say falling off a fiscal cliff will mean a recession. 12 said the fiscal cliff is the biggest risk
goes over the fiscal cliff. what's a fiscal cliff? it's a huge tax increase, huge tax increases and huge spending cuts that hit at beginning of january. the bush tax cuts would go away, the amc patch would go away, a whole bunch of things would go away, ashleigh, and that's going to look like for your tax bill next year if we go over the fiscal cliff. >> what's the reality? what is the actual chance this is going to hit us all right smack in the wallet? >> well, we hope, we hope...
232
232
Dec 11, 2012
12/12
by
CNNW
tv
eye 232
favorite 0
quote 1
. >> it makes the fiscal cliff look small. makes politics look petty. our nation's leaders know all of this, they get the reports and read all of the reports from congress about the chinese economic and security commission and all of this stuff. they know all of this. what we do in the country and our policies in this country are in a world that's changing quite rapidly. more quickly than the french revolution, industrial revolution, these are the seismic shifts but it's happening quickly. >> because of technology? >> yes. >> the world is flat, as tom friedman said and we can do things quicker and that's why so many can be part of the middle class. happy holidays to you. >> it's cool stuff. i think -- >> it's very cool. i was depressed about the fiscal cliff and then you bring this on. we're back after this. with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announc
. >> it makes the fiscal cliff look small. makes politics look petty. our nation's leaders know all of this, they get the reports and read all of the reports from congress about the chinese economic and security commission and all of this stuff. they know all of this. what we do in the country and our policies in this country are in a world that's changing quite rapidly. more quickly than the french revolution, industrial revolution, these are the seismic shifts but it's happening...
358
358
Nov 9, 2012
11/12
by
CNNW
tv
eye 358
favorite 0
quote 0
the fiscal cliff isn't a cliff. it is not like the debt ceiling confrontation where terrible things might have happened if the deadline had been missed. he fwoez on this time nothing very bad will happen to the economy if agreement isn't reached until a few weeks or few months in to 20 13 so there is time to bargain. what do you think. >> i don't have a phd in economics and that makes me concerned. there's a problem. one issue which krugman is right about. going off the fiscal cliff does what a lot of people think needs to happen. it spreads pain across a variety of americans. we may dip in to a recession, but heck we sure do solve the debt crisis, don't we? that said it is pretty easy to be cavalier and say it is no big deal. how do you feel if the dow goes down 2 thourk points in the interim or one of the people that loses a job because your company is freaking out over this debate going on and on and on. i don't think it is fair to say it is no big deal. it is a big deal. is it the end of the world? no. nothing i
the fiscal cliff isn't a cliff. it is not like the debt ceiling confrontation where terrible things might have happened if the deadline had been missed. he fwoez on this time nothing very bad will happen to the economy if agreement isn't reached until a few weeks or few months in to 20 13 so there is time to bargain. what do you think. >> i don't have a phd in economics and that makes me concerned. there's a problem. one issue which krugman is right about. going off the fiscal cliff does...
315
315
Dec 9, 2012
12/12
by
CNNW
tv
eye 315
favorite 0
quote 1
>>> the fiscal cliff, the fiscal cliff, just 23 days away and if we go over it, automatic spending cuts will take effect, automatically, bam. todd schoenberger is back with me from new york. we spent some time taking questions from viewers who want 20 know how the fiscal cliff will affect them. what will make the headlines? >> bottom line is this, that is if nothing is resolved right now, we are looking at a 20% increase across the board for tax revenue for washington. and you hear a lot about these spending cuts but realistically, we won't see a whole lot of spending cuts, because this way this was actually createded, we would only see spending cuts of .25%. >> one coming from edgar, he says i'm not confused about the fiscal cliff, what i'm confused about is what taxes will be raised? >> that's right. well the payroll tax holiday, it was created in 2010, it had a two-year tax extension, it expires on december 31st. this is a 2% payroll tax that all americans were enjoying. if nothing is resolved, your first paycheck in january is going to be 2% lighter. that may not sound like a lot. b
>>> the fiscal cliff, the fiscal cliff, just 23 days away and if we go over it, automatic spending cuts will take effect, automatically, bam. todd schoenberger is back with me from new york. we spent some time taking questions from viewers who want 20 know how the fiscal cliff will affect them. what will make the headlines? >> bottom line is this, that is if nothing is resolved right now, we are looking at a 20% increase across the board for tax revenue for washington. and you...
141
141
Dec 2, 2012
12/12
by
CNNW
tv
eye 141
favorite 0
quote 0
i'm not sure that this fiscal cliff really is a fiscal cliff. i think that it changes the baseline. republicans get better negotiating position on the other side when they are not scared to death of their own shadow and fearful of not looking reasonable. to think that the same joker who is got us this compromise will somehow get us a better compromise is absolutely silly. some of these guys have been voted out by the american public. maybe we should wait until the new people who have been through this before and just through the campaign, when they come in and change, i just have a hard time believing this congress, the one that got us into the mess we are dealing with, will somehow field a way to get out of it. >> i understand what you're saying about waiting for the new people to come in, but many of the new people coming in and many of the old people still there are not economists, they are not experts on the economy. they are not experts on the fiscal cliff. if you speak to those who know, they will tell you it is a bad thing to go over that cliff. and still you're saying maybe
i'm not sure that this fiscal cliff really is a fiscal cliff. i think that it changes the baseline. republicans get better negotiating position on the other side when they are not scared to death of their own shadow and fearful of not looking reasonable. to think that the same joker who is got us this compromise will somehow get us a better compromise is absolutely silly. some of these guys have been voted out by the american public. maybe we should wait until the new people who have been...
344
344
Dec 6, 2012
12/12
by
CNNW
tv
eye 344
favorite 0
quote 0
who will blink first on the fiscal cliff? not the obama administration as timothy geithner told cnbc, bring it on. >> is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> taxpayers might think that's easy for geithner to say. what about all those middle class families whose tax will go up more than $2,000 if, as geithner suggests, we take a dive off that cliff? even though president obama and john boehner chatted on the phone, there's still no deal. republicans are not amused. >> incredibly, many top democrats, including the president, seem perfectly happy. perfectly happy to go off the cliff. that's why the president has been more interested in campaign rallies than actually negotiating a deal. >> many americans don't have much hope the two side also come up with a deal. they've moved on already to plan b. the retired teacher in utah has put off plans to get a new car. brian chandler,
who will blink first on the fiscal cliff? not the obama administration as timothy geithner told cnbc, bring it on. >> is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> taxpayers might think that's easy for geithner to say. what about all those middle class families whose tax will go up more than $2,000 if, as geithner suggests, we...
337
337
Nov 7, 2012
11/12
by
CNNW
tv
eye 337
favorite 0
quote 0
and the fiscal cliff, the realities of the fiscal cliff are coming front and center again because congress and the president have two months to go before they need to get a deal going on that situation. brooke? >> alison kosik, we'll keep a look at the numbers there and check back in with you throughout the next few hours. john king, i want to begin with you, in the election itself, i don't know if you slept a wink last night, if much of the nation probably went to bed watching you, through everything last night, what was the biggest surprise in your opinion? >> the biggest surprise, brooke, over to the magic wall and take a look. the biggest surprise is we'll talk more about this in the hour ahead, we're waiting to see who gets florida's 29 electoral votes. a lot of the talk heading into the election is we were waiting on the morning after, it would be in ohio. it went for the president. another surprise for me, if you look at this map and go back to 2008, i'll switch maps in a minute, these are the two take aways for mitt romney. a closer look in terms of the popular vote. from an electo
and the fiscal cliff, the realities of the fiscal cliff are coming front and center again because congress and the president have two months to go before they need to get a deal going on that situation. brooke? >> alison kosik, we'll keep a look at the numbers there and check back in with you throughout the next few hours. john king, i want to begin with you, in the election itself, i don't know if you slept a wink last night, if much of the nation probably went to bed watching you,...
174
174
Sep 21, 2012
09/12
by
CNNW
tv
eye 174
favorite 0
quote 0
what about, you mentioned the fiscal cliff, the fiscal cliff is looming, called it a manufactured crisis. what about the republicans, though? your party -- do the republicans need to give in on opposition to raising taxes to help the deficit? do they need to give in? >> you know, the point is here, brooke, is have the committees address these issues in a timely fashion, as i mentioned, which would have been, frankly, last year, you know? asint committsign the committeed have had tax reform and get everybody on board. >> but that didn't happen. as we well know. what about now? what about republicans? will they give in? >> well, it is a question of what we're giving in -- it is not a question of giving in, it is what is it that we're going to address and how we're going to address it for the future of the country? what are the ideas and what is the merit of a plan and who is going to be drafting? we have to have people have been elected by their constituents, anticipating the committee process to get this done. that's why i argue with the majority of the leader in the letter. have us lay t
what about, you mentioned the fiscal cliff, the fiscal cliff is looming, called it a manufactured crisis. what about the republicans, though? your party -- do the republicans need to give in on opposition to raising taxes to help the deficit? do they need to give in? >> you know, the point is here, brooke, is have the committees address these issues in a timely fashion, as i mentioned, which would have been, frankly, last year, you know? asint committsign the committeed have had tax...
658
658
Dec 30, 2012
12/12
by
CNNW
tv
eye 658
favorite 0
quote 0
>> which one a tax reform deal or the fiscal cliff deal? >> no, the fiscal cliff deal, and what might they be arriving at in the next day or so? >> well, here is what we are hearing. i will believe none of it until i see it. >> right. >> the rates will go up for high income people, and we don't know how high income, president obama wants $250,000 as the threshold, but republicans are pushing for more than $400,000, but it is splitting hairs at a certain point and especially now in the 11th hour or less than 30 hours away from the deadline. so we will see that, and we hope that they are going to put an amt patch in to protect the middle-class in from playing the wealth year for tax year 2012 yet, and we are totally running out of time on that one, and we have a bunch of tax extenders for businesses and individuals and they have expired and will they extend those? and the payroll tax will certainly expire and nobody is talking about that. the first pay xhek in jcheck in will be smaller regardless because of that. >> and you are so good at giv
>> which one a tax reform deal or the fiscal cliff deal? >> no, the fiscal cliff deal, and what might they be arriving at in the next day or so? >> well, here is what we are hearing. i will believe none of it until i see it. >> right. >> the rates will go up for high income people, and we don't know how high income, president obama wants $250,000 as the threshold, but republicans are pushing for more than $400,000, but it is splitting hairs at a certain point and...
206
206
Dec 24, 2012
12/12
by
CNNW
tv
eye 206
favorite 0
quote 0
our expert on all matters relating to the fiscal cliff is dana bash. she joins me now from washington. dana, great to see you again. tell me does even a band-aid approach work? >> it's going to be tough. this is all math. but it really has to do with the math with regard to votes. and democrats especially who i'm talking to in the senate which is probably where this will originate, the reality is that democrats don't hold a very big majority. her going to need to have a handful of republicans to cross party lines and vote with them on the whole concept of raising any taxes. especially what the president wants which is something that is raising taxes on all americans making more than $250,000. that's the senate. never mind the house, which of course, made clear to the house speaker that they won't even go for something that's a million dollars or more when it comes to tax increases. that was last week. >> dana, you were saying that when you were reporting on it when it was breaking that evening, you called that devastating for john boehner. now that hou
our expert on all matters relating to the fiscal cliff is dana bash. she joins me now from washington. dana, great to see you again. tell me does even a band-aid approach work? >> it's going to be tough. this is all math. but it really has to do with the math with regard to votes. and democrats especially who i'm talking to in the senate which is probably where this will originate, the reality is that democrats don't hold a very big majority. her going to need to have a handful of...
178
178
Dec 31, 2012
12/12
by
CNNW
tv
eye 178
favorite 0
quote 0
>> no vote tonight on the fiscal cliff. what are the chances of lawmakers cobbling a compromise tomorrow? would real pain start to hit everyone in the form of tax hikes and spending cuts? what other options do lawmakers have as a last resort. steven moore joins us from washington. steven is a senior economics writer with "the wall street journal." he writes op-eds. he's involved in the opinion pages. he's also a co-founder of the organization called club for growth, which has really been at the forefront of fighting tax increases across the board. so, you know, sometimes, steven, on tv we talk about grover norquist and a lot of people really don't like him. you think grover has the right idea. you have colleague es in the senate, in the house of representatives. we have talked about this endlessly for many months and we both sort of went into the last few days thinking they'll get a deal, they'll do it. it will increase some tacks on the rich and we'll figure out a number. i think both of us put forward it would be $500,000
>> no vote tonight on the fiscal cliff. what are the chances of lawmakers cobbling a compromise tomorrow? would real pain start to hit everyone in the form of tax hikes and spending cuts? what other options do lawmakers have as a last resort. steven moore joins us from washington. steven is a senior economics writer with "the wall street journal." he writes op-eds. he's involved in the opinion pages. he's also a co-founder of the organization called club for growth, which has...
201
201
Dec 30, 2012
12/12
by
CNNW
tv
eye 201
favorite 0
quote 0
the clock is ticking, literally, to the fiscal cliff. and as others have noted today, we have known about this cliff for 500 days. this is the world's most anticipatable political and economic problem. congress set this time bomb, now they are scrambling to defuse it before it goes off and threatens to take our economic recovery as a country and kick us back into recession. the fact this is happening in last-minute negotiations and great knew as dana bash reported that joe biden and mitch mcconnell seem to be backchanneling and got a constructive relationship in the past, this is great but this is all being done piecemeal and that fact shouldn't give anybody a great deal of confidence it is pathetic we are here at this hour facing the fiscal cliff. >> that's the point i wanted to raise with you. you obviously have followed congress. you know how all this inside trading works, so to speak. does it feel like the wheels are coming off that we are now off the script, that this is totally in territory we had not anticipated we would be at? >>
the clock is ticking, literally, to the fiscal cliff. and as others have noted today, we have known about this cliff for 500 days. this is the world's most anticipatable political and economic problem. congress set this time bomb, now they are scrambling to defuse it before it goes off and threatens to take our economic recovery as a country and kick us back into recession. the fact this is happening in last-minute negotiations and great knew as dana bash reported that joe biden and mitch...
217
217
Nov 29, 2012
11/12
by
CNNW
tv
eye 217
favorite 0
quote 0
so that will put him front and center in the fiscal cliff debate. also earns him a meeting today with the current treasury secretary, tim geithner. cnn's kate ballolduan on capito hill, day 33, eek, 33 days, tim geithner kicking into this process. we would assume possibly pushing into high gear or more of a photo op or a little bit of both? >> reporter: it remains to be seen. i hate having to say that for our viewers, but we're waiting to hear exactly what comes out of these meetings. important, nonetheless, because these are face-to-face meetings with principle players, timothy guide next the treasury secretary, tapped by the president to be the point person to spearhead the negotiations with congress over these fiscal cliff negotiations. we had had a brief shot of him arriving this morning as he was coming into the capitol. he's being joined by rob neighbors, the white house liaison to congress. he's a man that has long standing relationships with folks on capitol hill. series of meetings, all individual meetings, senator reid, told by my colleagu
so that will put him front and center in the fiscal cliff debate. also earns him a meeting today with the current treasury secretary, tim geithner. cnn's kate ballolduan on capito hill, day 33, eek, 33 days, tim geithner kicking into this process. we would assume possibly pushing into high gear or more of a photo op or a little bit of both? >> reporter: it remains to be seen. i hate having to say that for our viewers, but we're waiting to hear exactly what comes out of these meetings....
470
470
Dec 26, 2012
12/12
by
CNNW
tv
eye 470
favorite 0
quote 0
every day we're taking a look at how the fiscal cliff if we go off the fiscal cliff how that will affect you from the increase in your tax bill to planning for your retirement. today we'll focus on your portfolio. ryan mack joins me via skype from detroit. >> good morning to you, how are you doing today? >> i'm good. you've got some advice for people to manage their portfolios, let's start with the first step you need to review your asset classes. >> there's a study in the '80s simply says over 95% of your portfolio return will determine exactly how you choose the mixture of stocks and other investments you have in your portfolio. with the assistance of a qualified adviser making sure you have the right mixture of stocks can be ever so crucial especially during the volatile time we see in the markets today. >> if you make any changes i guess you have to take into account what your tolerance is for risk. >> yes. i mean look, we've seen the markets going crazy right now, a lot of individuals are looking up and downs and a lot of things we're telling the folks we work with, let's look at it
every day we're taking a look at how the fiscal cliff if we go off the fiscal cliff how that will affect you from the increase in your tax bill to planning for your retirement. today we'll focus on your portfolio. ryan mack joins me via skype from detroit. >> good morning to you, how are you doing today? >> i'm good. you've got some advice for people to manage their portfolios, let's start with the first step you need to review your asset classes. >> there's a study in the...
266
266
Dec 24, 2012
12/12
by
CNNW
tv
eye 266
favorite 0
quote 0
it appears those spending cuts that are the other part of the fiscal cliff will likely set in. and then what happens there will maybe be something that democrats and republicans try to deal with in the coming weeks, in the coming months. that means even come say the end of the year here or if we go over the cliff and there's some quick resolution, it's not for everything and we'll be dealing with a lot of these problems for some time, carol. >> what's the president doing in hawaii? >> reporter: the president has been getting in some r and r. he arrived saturday morning. he played golf with some of his buddies. he wept outer with his wife. yesterday he attended the ceremony for senator daniel inn way. and then he went for a hike in the afternoon with his daughters. this may be his one chance for a vacation and you may recall he didn't get one this summer. he decided not to go on his normal vacation in the election year. so this is really it for him. >> brianna keilar, thank you. >>> the gun control debate is intensifying. the nra's executive vice president made the circuit on su
it appears those spending cuts that are the other part of the fiscal cliff will likely set in. and then what happens there will maybe be something that democrats and republicans try to deal with in the coming weeks, in the coming months. that means even come say the end of the year here or if we go over the cliff and there's some quick resolution, it's not for everything and we'll be dealing with a lot of these problems for some time, carol. >> what's the president doing in hawaii?...
251
251
Nov 26, 2012
11/12
by
CNNW
tv
eye 251
favorite 0
quote 1
pink unicorns, part of the fiscal cliff discussions now. let me bring in cnn contributor anna navarro who claims she has never seen me during the daylight. great to see you during the daylight, anna. >> how are you, john? >> good, i'm doing well, thank you is this over tour, these statements from the people like saxby chambliss, lindsey graham, is this what people are hoping to see in terms of reaching a deal? >> i think it's an important moment. i think what people are saying is, this is not about pledges. let's not allow for the tail to wag the dog. this is not about a pledge. this is about finding a solution. let's not be boxed in. let's have the ability to be creative, think outside the box. and come up with a solution that works for america. and i think they're getting sick of being held to pledge here, pledge there. you know, it's almost like read my lips. no new pledges. >> let me just read the pledge, so people know what we're talking about here. it says, number one, oppose all efforts to increase the marginal tax rates for individu
pink unicorns, part of the fiscal cliff discussions now. let me bring in cnn contributor anna navarro who claims she has never seen me during the daylight. great to see you during the daylight, anna. >> how are you, john? >> good, i'm doing well, thank you is this over tour, these statements from the people like saxby chambliss, lindsey graham, is this what people are hoping to see in terms of reaching a deal? >> i think it's an important moment. i think what people are saying...
354
354
Dec 5, 2012
12/12
by
CNNW
tv
eye 354
favorite 0
quote 0
first, the fiscal cliff. the fiscal cliff sound bites, they are flying even if the actual negotiations are at a stand still. president obama says republicans, they're the ones that need to take the next step here. republicans say no way, ball's in your court, mr. president. >> we can probably solve this in about a week. it is not that tough. >> now we need a response from the white house. we can't sit here and negotiate with ourselves. now, the revenues we're put on the table are going to come from, guess who, the rich. >> if we can get the leadership on the republican side to take that framework, take knowledge of that reality, then the numbers actually aren't that far apart. >> where are the specifics, where are the discussions? nothing is going on. >> passing middle income tax cut means the end of holding them hostage from tax cuts for the middle -- for the rich. >> i think the next 72 hours are critical. if he sits back and continues to play politics, that will give your answer of where we're going. this
first, the fiscal cliff. the fiscal cliff sound bites, they are flying even if the actual negotiations are at a stand still. president obama says republicans, they're the ones that need to take the next step here. republicans say no way, ball's in your court, mr. president. >> we can probably solve this in about a week. it is not that tough. >> now we need a response from the white house. we can't sit here and negotiate with ourselves. now, the revenues we're put on the table are...
155
155
Nov 9, 2012
11/12
by
CNNW
tv
eye 155
favorite 0
quote 0
there is no fiscal cliff, he writes. it's a gentle hill. well, here's the fact. you don't get $7 trillion of cuts on tax increases day one. no one says that. what you get day one, you revert back, the bush tax cuts disappear, everyone taxes go up, you have budget cuts across the board and the entire economy resetting. and over ten years, $7 trillion in cuts. simpson/bowles is $4 trillion between now and 2020. that's well thought-out and strategic -- >> surgical? >> surgical, i would say. the fiscal cliff is a big, dull hatchet and that is not going to create jobs. >> so cnn money, you're familiar with them. fiscal cliff as a whole went into effect next year, could result in a .5% in gross domestic product according to cbo. and that contraction could push employment to 9.1% by the end of 2013. >> and you hear liberals say, they would rather see that over the next year than to give up -- have the president cave again on tax rates. >> that's intransigence on both sides. again, i keep calling it the kum ba yah moment. christine, excellent, thank you. we have lots mor
there is no fiscal cliff, he writes. it's a gentle hill. well, here's the fact. you don't get $7 trillion of cuts on tax increases day one. no one says that. what you get day one, you revert back, the bush tax cuts disappear, everyone taxes go up, you have budget cuts across the board and the entire economy resetting. and over ten years, $7 trillion in cuts. simpson/bowles is $4 trillion between now and 2020. that's well thought-out and strategic -- >> surgical? >> surgical, i would...
203
203
Nov 15, 2012
11/12
by
CNNW
tv
eye 203
favorite 0
quote 0
we're at 47 days still the fiscal cliff shows up. most of what we hear about the fiscal cliff is panic and alarm and tax hikes and spending cuts and all of this is set to kick off at the beginning of the year. face the dire consequences or else. get your parachute. guess what, there's somebody who knows a thing or two about money who doesn't seem to be anywhere near as worried as those other people who are telling us we're about to plummet. it's billionaire warren buffett. he says as long as president obama holds firm on the wealthiest americans paying more taxes, we can just go on right over that fiscal cliff and we will not dive back into recession. how do i know this? because poppy harlow knows this. she sat down for the exclusive interview. you have the greatest access to warren. every time there's news, you seem to get it. i was looking at your interview earlier. he's very candid with you about this. this doesn't look like it's for political gain in any way. we're past the election. it's incredible what he said. >> it really sur
we're at 47 days still the fiscal cliff shows up. most of what we hear about the fiscal cliff is panic and alarm and tax hikes and spending cuts and all of this is set to kick off at the beginning of the year. face the dire consequences or else. get your parachute. guess what, there's somebody who knows a thing or two about money who doesn't seem to be anywhere near as worried as those other people who are telling us we're about to plummet. it's billionaire warren buffett. he says as long as...
1,437
1.4K
Dec 21, 2012
12/12
by
CNNW
tv
eye 1,437
favorite 0
quote 0
we may go off the fiscal cliffs. we'll talk to dana later. also house speaker john boehner will hold a press conference live at the top of the hour. >>> across the midwest people are trying to clean up from the first blizzard of the season, blinding snow being blamed for this 30-car pile-up on interstate 35 near ft. dodge, iowa. two people died in this accident. the storm cut power to 20,000 in iowa this morning, a half a foot to a foot of snow has fallen across the midwest. wisconsin has declared a state of emergency and the storm is moving toward ohio, pennsylvania and the northeast and it all comes as holiday travelers begin their journey home for christmas. be careful out there. >>> guns in schools in the wake of the connecticut shooting. more states talk about putting weapons in the classroom. just ahead we'll talk to the superintendent of one school district that already allows its employees to carry guns. [ male announcer ] this december, remember -- you can stay in and share something... or you can get out there and actually share som
we may go off the fiscal cliffs. we'll talk to dana later. also house speaker john boehner will hold a press conference live at the top of the hour. >>> across the midwest people are trying to clean up from the first blizzard of the season, blinding snow being blamed for this 30-car pile-up on interstate 35 near ft. dodge, iowa. two people died in this accident. the storm cut power to 20,000 in iowa this morning, a half a foot to a foot of snow has fallen across the midwest. wisconsin...
151
151
Dec 27, 2012
12/12
by
CNNW
tv
eye 151
favorite 0
quote 0
fiscal cliff. es it d to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, ask your doctor if including advair could help improve your lung function. get your first full prescription free and save on refills at advaircopd.com. with less chronic osteoarthritis pain. imagine living your life with less chronic low back pain. imagine you, with less pain. cymbalta
fiscal cliff. es it d to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher...
221
221
Dec 31, 2012
12/12
by
CNNW
tv
eye 221
favorite 0
quote 0
is the big fiscal cliff deadline. there are two fronts we are watching today. capitol hill and wall street. let's see if there's any movement on capitol hill. stock markets moving up because it's a little erratic. dana bash is watching that live for us. dana, last hour you were saying progress is being made. now you've been hearing rumblings on the opposite from the far left. what are you hearing now? >> very interesting. we have been hearing from both sides of the aisle that part of the big issue has been to get over objections from conservative republicans who are not going to be happy with any potential deal. i just spoke with tom harkin who is a democrat being from iowa. and he's also a leading progressive. he said that he and other progressives might be the ones object or to try to stop any potential deal. the reason he says he's so upset is because he does not like the idea that we have been reporting of keeping the tax cuts in place of income levels up to $450,000. he believes that's too high. the president, as we know, campaigned with a lot of democrati
is the big fiscal cliff deadline. there are two fronts we are watching today. capitol hill and wall street. let's see if there's any movement on capitol hill. stock markets moving up because it's a little erratic. dana bash is watching that live for us. dana, last hour you were saying progress is being made. now you've been hearing rumblings on the opposite from the far left. what are you hearing now? >> very interesting. we have been hearing from both sides of the aisle that part of the...
264
264
Nov 9, 2012
11/12
by
CNNW
tv
eye 264
favorite 0
quote 0
swaps and fiscal cliff. it's a cliff that if we go over, growth drops very dramatically. a lot of money is paid out of the economy, and the economy goes from 2% growth right now where it is to about negative 1.5% growth. that would be a recession. as that car gets over that cliff, there will be an average kras, according to the congressional budget office of $3,500 per household in tax increases. this is the spending cuts. this is the bush tax cuts going away. this is the alternative minimum tax patch going away, the payroll tax holidays. $3,500 per household increase. $109 billion in automatic across the board spending cuts will take effect. half of them will be in defense. half of them will be in nondefense. the congressional budget office, the nonpart sflan body says millions of jobs will be lost, a million next year alone. unemployment will jump to % next year, and, of course, we'll be back in that recession. now, in fairness, suzanne, most thinking people don't think we'll get there, but most thinking p
swaps and fiscal cliff. it's a cliff that if we go over, growth drops very dramatically. a lot of money is paid out of the economy, and the economy goes from 2% growth right now where it is to about negative 1.5% growth. that would be a recession. as that car gets over that cliff, there will be an average kras, according to the congressional budget office of $3,500 per household in tax increases. this is the spending cuts. this is the bush tax cuts going away. this is the alternative minimum...
173
173
Dec 23, 2012
12/12
by
CNNW
tv
eye 173
favorite 0
quote 0
is going to go over the fiscal cliff. some folks think that perhaps senator mcconnell would not negotiate something with senate democrats if he wasn't sure that it was going to pass the house, that it would get by at least some of the republicans who would need to get by to pass. but i think the white house is hoping that he will kind of buck house republicans and agree to work something out so that something can pass the senate. but it's very much up in the air, miguel, and not certain that we are not going over the fiscal cliff at this point. >> sounds like a very dangerous game, a very complicated game of chicken, the highest levels. what is your sense of it? you spent time with the president, know washington well. do you think someone is going to blink? >> you know, if you'd asked me a couple of weeks ago, i would have said i didn't think that the country would go over the fiscal cliff. i think it's very much a possibility at this point. i was sort of surprised that, honestly, a deal wasn't worked out. so i think at t
is going to go over the fiscal cliff. some folks think that perhaps senator mcconnell would not negotiate something with senate democrats if he wasn't sure that it was going to pass the house, that it would get by at least some of the republicans who would need to get by to pass. but i think the white house is hoping that he will kind of buck house republicans and agree to work something out so that something can pass the senate. but it's very much up in the air, miguel, and not certain that we...
337
337
Nov 26, 2012
11/12
by
CNNW
tv
eye 337
favorite 0
quote 1
to that fiscal cliff? the number three republican in the house, kevin mccarthy is going to be here in "the situation room." the house majority whip. and also alan krueger, the chairman of the president's council of economic advisers is going to be here as well. we're trying to gauge if there's going to be a deal or no deal and what it means for our viewers. glad you noticed, brooke. >> of course i noticed. i was so proud of you. i was proud of cnn. i thought the coverage was incredible, watching back here in the u.s. but i have to ask, i know you have a daughter and a lovely wife. did you get a chance to have a thanksgiving? >> yes, i got back in time for thanksgiving. i flew all night. tel aviv, frank forfurtrankfurt here to d.c. i had turkey and cranberry sauce and all that. here's a question i'm going to ask you, brooke -- a year ago last night, where were you -- >> ding. b.e.t. soul train awards. >> did you watch last night? >> i did not. >> what do you mean you did not? i watched, of course. >> if i'm
to that fiscal cliff? the number three republican in the house, kevin mccarthy is going to be here in "the situation room." the house majority whip. and also alan krueger, the chairman of the president's council of economic advisers is going to be here as well. we're trying to gauge if there's going to be a deal or no deal and what it means for our viewers. glad you noticed, brooke. >> of course i noticed. i was so proud of you. i was proud of cnn. i thought the coverage was...
327
327
Nov 17, 2012
11/12
by
CNNW
tv
eye 327
favorite 0
quote 0
there are two ways in which the fiscal cliff can be avoided. way number one is if between now and january 1st, congress and the president decide to delay everything. delaid the tax increase that would come about because of the end of the bush tax cuts and delay spending cuts to a date, say march 15th, by which time they would have to come up with a grand bargain with respect to deficit reduction. that's possible. this congress and president have shown their ability to kick the can down the road and they could do it again. the second way is if they came to a grand bargain on taxes and deficit reduction in late january or even february that was retroactive to jb 1st. if it's retroactive to january 1st and everybody knows it's likely to be retroactive to january 1st, it's not going to have the same effect on the economy, more like a hill. >> a fiscal mole hill. what areas can and should the president compromise, and if the gop asked, what areas should the gop and house compromise? >> the president has made it clear he won the election. therefore,
there are two ways in which the fiscal cliff can be avoided. way number one is if between now and january 1st, congress and the president decide to delay everything. delaid the tax increase that would come about because of the end of the bush tax cuts and delay spending cuts to a date, say march 15th, by which time they would have to come up with a grand bargain with respect to deficit reduction. that's possible. this congress and president have shown their ability to kick the can down the road...
64
64
Dec 10, 2012
12/12
by
CNN
tv
eye 64
favorite 0
quote 0
cliff talks. >> reporter: it's 23 days since the fiscal cliff deadline. it's 23 days since they met face-to-face to talk about how to avert it. this was a surprised meeting. nobody spotted boehner coming or going. nobody is saying much beyond two statements. the wording here is identical ending with this, the lines of communication remain open. the two men last spoke by phone on wednesday. on friday mr. boehner said the white house wasted another week for potential compromise. we don't know what prompted this meeting. for a first time in a while the two sides are agreeing on something even if it's the wording of their statement an keeping fight lipped. >> thank you. in today's meetings, is it a sign we're close to a fiscal cliff deal. i asked the senior cnn analyst, david gergen. >> this week is a crucial week to see if they can get a break through. in fact, they are willing to sit down and they did it in private, and instead of the political theater we have seen in the last few weeks i think that's encouraging. there's even a bigger long-term issue, and
cliff talks. >> reporter: it's 23 days since the fiscal cliff deadline. it's 23 days since they met face-to-face to talk about how to avert it. this was a surprised meeting. nobody spotted boehner coming or going. nobody is saying much beyond two statements. the wording here is identical ending with this, the lines of communication remain open. the two men last spoke by phone on wednesday. on friday mr. boehner said the white house wasted another week for potential compromise. we don't...
674
674
Dec 12, 2012
12/12
by
CNNW
tv
eye 674
favorite 0
quote 2
from going over the so-called fiscal cliff. house republicans meeting right now and we expect to hear from the house speaker at the top of the hour. dana bash, capitol hill, following the negotiations. how many times have i said fiscal cliff over the past couple months, i can't even, if i had a nickel for every time i'd be a wealthy man. >> we'd be able to avert the fiscal cliff. >> exactly, very good, so much more clever and quicker than i am. dana good morning. the president and the house speaker offered new proposals. what do you know about them, if anything? >> reporter: you know, they're being very, very careful, they're holding their cards close to the vest, which i think you know as a reporter is frustrating but as somebody who certainly wants to get, to see this solved, that that is a completely nonpart son thing to say. it maybe is a good sign, because both sides are being very careful not to let the cat out of the bag on some of the specifics because they don't want the process to blow up even before it really starts
from going over the so-called fiscal cliff. house republicans meeting right now and we expect to hear from the house speaker at the top of the hour. dana bash, capitol hill, following the negotiations. how many times have i said fiscal cliff over the past couple months, i can't even, if i had a nickel for every time i'd be a wealthy man. >> we'd be able to avert the fiscal cliff. >> exactly, very good, so much more clever and quicker than i am. dana good morning. the president and...
506
506
Dec 4, 2012
12/12
by
CNNW
tv
eye 506
favorite 0
quote 1
the fiscal cliff. guess what, the white house rejected it, calling the gop proposal unbalanced and not serious. translation? no tax hikes on the wealthy so democrats said forget about it. we thought you should take a look. it totals $2.2 trillion in deficit reduction over ten years. the part that stood out to us was $600 billion in proposed savings in medicare reforms. how? in part by raising the age of eligibility to 65 to maybe 67. turning down the gop proposal, dan pfieffer said, quote, it provides no details on which deductions they would eliminate, which loopholes they will close or which medicare savings they would achieve." let's head now to the white house and dan lothian. the white house will not offer a counter proposal, right? what's going on here? >> reporter: well, you know, i think the white house is digging in. the president said early on in this process that he would only sit down and really move forward, negotiate on this in any meaningful way if the tax hikes for the wealthy expired.
the fiscal cliff. guess what, the white house rejected it, calling the gop proposal unbalanced and not serious. translation? no tax hikes on the wealthy so democrats said forget about it. we thought you should take a look. it totals $2.2 trillion in deficit reduction over ten years. the part that stood out to us was $600 billion in proposed savings in medicare reforms. how? in part by raising the age of eligibility to 65 to maybe 67. turning down the gop proposal, dan pfieffer said, quote, it...
140
140
Dec 24, 2012
12/12
by
CNNW
tv
eye 140
favorite 0
quote 0
apparently a fiscal cliff solution is not wrapped up as a gift under your christmas tree. lawmakers are home for the holidays. house speaker john boehner is in ohio, president obama is in his native hawaii. you'll hear about a last ditch effort that may happen after the holiday. that story just a few moments away here as well. >>> a united states senator was arrested for drunk driving early sunday morning. idaho republican mike crapo was taken to jail in alexandria, virginia, after midnight. he was stopped for running a red light and charged with driving under the influence. senator crapo has issued an apology. he was released on $1,000 bond and he has a court date. >>> christmas, two days away, and for much of the country it's going to be a white one. heavy snowfall has blanketed several states, in the mountains of california up to five feet of snow is expected. snow is also falling back east as well. lake-effect snow has blanketed areas around cleveland and buffalo. high winds are threatening to delay flights at airports in new york, philadelphia and washington. >>> i ha
apparently a fiscal cliff solution is not wrapped up as a gift under your christmas tree. lawmakers are home for the holidays. house speaker john boehner is in ohio, president obama is in his native hawaii. you'll hear about a last ditch effort that may happen after the holiday. that story just a few moments away here as well. >>> a united states senator was arrested for drunk driving early sunday morning. idaho republican mike crapo was taken to jail in alexandria, virginia, after...
282
282
Nov 30, 2012
11/12
by
CNNW
tv
eye 282
favorite 0
quote 1
he is pushing his plan to avoid the fiscal cliff. is he standing firm on raising taxes for the wealthiest americans. want to bring in our chief white house correspondent jessica yell toin give us a breakdown of exactly what he has put on the table here because we know that both sides, they start off strong. they start off with the best offer they got, the strongest offer they got, and clearly, the republicans not quite happy about it. what is he offering? >> it's sort of a starting position from the white house. what secretary geithner laid out when he was visiting capitol hill yesterday was the headline $1.6 trillion in new taxes as part of their overall vision to increase those taxes for people making $250,000 more, but that also includes some changes to how much people can deduct, closing loopholes. increasing taxes for dividends and capital gains and some other things. then some other aspects of the wish list from the president. $50 billion in new stimulus spending next year, and then in return they would find $400 billion in cut
he is pushing his plan to avoid the fiscal cliff. is he standing firm on raising taxes for the wealthiest americans. want to bring in our chief white house correspondent jessica yell toin give us a breakdown of exactly what he has put on the table here because we know that both sides, they start off strong. they start off with the best offer they got, the strongest offer they got, and clearly, the republicans not quite happy about it. what is he offering? >> it's sort of a starting...
210
210
tv
eye 210
favorite 0
quote 0
i think we also need to deal with the looming fiscal cliff. i think you have a lot of companies who are hesitant to hire and make major moves until we see major question marks resolved and you have to look at taxes, tax reforms on individual and corporate level. we need to take a look at things like education. interestingly, going back to the technology, we have a lot of americans out of work, but a lot of jobs in the technology field where we don't have enough skilled workers to fill them. maybe we need to look at education as well. >> read this quote from henry blodget, the business insider. here is what he said here. he said this is about our current system and philosophy. not sustainable. why not? they're creating a country of aful overlords and 300 million serfs, peasants. are you optimistic? will the middle class start rolling, bouncing back again? >> i'd like to say yes, i'm hopeful. but i think it really is going to -- i think this is going to take time and i think it is going to come down a lot to policies and regulations and what our
i think we also need to deal with the looming fiscal cliff. i think you have a lot of companies who are hesitant to hire and make major moves until we see major question marks resolved and you have to look at taxes, tax reforms on individual and corporate level. we need to take a look at things like education. interestingly, going back to the technology, we have a lot of americans out of work, but a lot of jobs in the technology field where we don't have enough skilled workers to fill them....
164
164
Dec 23, 2012
12/12
by
CNNW
tv
eye 164
favorite 0
quote 0
. >>> moving to the fiscal cliff. teetering on the edge of the fiscal cliff now with nine days left to cut a deal. lawmakers are home for the holidays. house speaker john boehner, his plan b went bust. before leaving town president obama urged congress to pass a mini-plan that would preserve middle class tax rates. the president is now in his native hawaii for a quick christmas break. briana keiller joins us from honolulu. hello, briana. is this fiscal cliff deadline getting closer, what do we think will happen as the holidays rolls out here? >> reporter: well, there's one sort of last ditch effort possibility here, don, and that is when the senate reconvenes on the 27th, it's possible that either they could try to pass something and sort of force it on the house or it's possible that they could take a bill that they've already passed back in july with the threshold of those tax hikes being at the $250,000 level and that they could kind of say to the house, okay, now the ball is in your court. you have to deal with th
. >>> moving to the fiscal cliff. teetering on the edge of the fiscal cliff now with nine days left to cut a deal. lawmakers are home for the holidays. house speaker john boehner, his plan b went bust. before leaving town president obama urged congress to pass a mini-plan that would preserve middle class tax rates. the president is now in his native hawaii for a quick christmas break. briana keiller joins us from honolulu. hello, briana. is this fiscal cliff deadline getting closer,...
226
226
Dec 5, 2012
12/12
by
CNNW
tv
eye 226
favorite 0
quote 0
the number of days before the nation is going to slip over the fiscal cliff and that is what people are talking about. unfortunately, in washington they are not talking to each other about it. right now president obama is meeting with the washington business roundtable. that's just minutes after speaker boehner met with rank and file gop lawmakers and former speaker pelosi met with house democrats. they are all in each other's corners speaking amongst each other but all eyes are on the fiscal cliff. let's scoot over to the president. easy merging from that meeting with the washington business leaders. let's see what he has to say. >> jim, thanks for your leadership. you know, originally my team had prepared some remarks, they always get nervous when i'm out there on my own, never know what i might say. but given the dialogue that we had the last time, i thought it was useful for me to abbreviate my remarks, speak off the cuff at the top and then most of the time just having a conversation. let me begin by saying all of you in this room are not just business leaders, not just ceos of you
the number of days before the nation is going to slip over the fiscal cliff and that is what people are talking about. unfortunately, in washington they are not talking to each other about it. right now president obama is meeting with the washington business roundtable. that's just minutes after speaker boehner met with rank and file gop lawmakers and former speaker pelosi met with house democrats. they are all in each other's corners speaking amongst each other but all eyes are on the fiscal...
127
127
Nov 16, 2012
11/12
by
CNN
tv
eye 127
favorite 0
quote 0
we are heading toward a fiscal cliff. should congress and the president let the country fall off the cliff and agree to a tax hike, or create a bridge and extend the current tax breaks? what you're saying. plus, a political divide. more than 100 years ago the new movie "lincoln's" take on the battle over slavery. "lincoln" actress gloria ruben joins us live. this is cmn newsroom, and it's happening now. chilean granite... chilean granite... so, how's it in person? i should send you a picture. floor to ceiling bookshelves... floor to ceiling bookshelves... original windows... original windows... and this... is that a... fireplace face -- yes, yes it is. fireplace shaped like a face. i know right! [ male announcer ] only at&t's network lets you talk and surf at the same time on your iphone 5. rethink possible. i just finished a bowl of your new light chicken pot pie soup and it's so rich and creamy... is it really 100 calories? let me put you on webcan... ...lean roasted chicken... and a creamy broth mmm i can still see you
we are heading toward a fiscal cliff. should congress and the president let the country fall off the cliff and agree to a tax hike, or create a bridge and extend the current tax breaks? what you're saying. plus, a political divide. more than 100 years ago the new movie "lincoln's" take on the battle over slavery. "lincoln" actress gloria ruben joins us live. this is cmn newsroom, and it's happening now. chilean granite... chilean granite... so, how's it in person? i should...
208
208
tv
eye 208
favorite 0
quote 0
with the fiscal cliff. it's called his deficit reduction plan, and he has made a couple of things clear. that we can't reduce the deficit without putting revenue on the table, and i think that on election day the overwhelming majority of the american people are going to agree with him. he is also going to not agree to anything that extends as high-end bush tax cuts. you know, the way forward on the fiscal cliff is pretty clear. i think that when the american people vote on tuesday they're going to make their feelings on the way forward clear, and hopefully that means that we'll have some more willing partners across the aisle to forge consensus on this. >> let's talk about the willing partners because right now the republican campaign is arguing, well, if you put mitt romney in another republican, is he going to work better with fellow republicans to avoid falling off this cliff. we expect the balance of power and the house and senate basically are iffing to stay the same. what will the president do to chan
with the fiscal cliff. it's called his deficit reduction plan, and he has made a couple of things clear. that we can't reduce the deficit without putting revenue on the table, and i think that on election day the overwhelming majority of the american people are going to agree with him. he is also going to not agree to anything that extends as high-end bush tax cuts. you know, the way forward on the fiscal cliff is pretty clear. i think that when the american people vote on tuesday they're going...